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Won Picks Up From Lowest Level Since Sep'20

KRW

The won is stronger on Monday, strengthening from around multi-month lows. USD/KRW last down 5.55 at 1174.10 after reaching 1181.10 on Friday,

  • South Korea's daily new coronavirus fell to 1,418 on Monday due to fewer tests over the weekend, as health authorities extended the toughest virus curbs for another two weeks to battle the worst wave of the pandemic, the current social distancing measures were extended until Sept. 5. Elsewhere , Prime Minister Kim said Moderna plans to provide South Korea with 7 million doses of its COVID-19 vaccine in the coming two weeks following a supply disruption due to a production issue at the company.
  • Data earlier showed exports remained robust in the first 20 days of August, rising 40.9% from a 32.8% rise in the previous period, imports rose 52.1% from 46.1% previously. The rise was attributed to demand for chips, automobiles and petroleum products.
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